Daily Practice · GCSE Business
September 2001 5-a-day
Every sheet in September 2001
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st September 2001State one reason a business selling in a highly price-sensitive, budget market might deliberately limit a product's aesthetics.
- 2nd September 2001Define lead time.
- 3rd September 2001List five criteria a business uses to choose a supplier.
- 4th September 2001Define economies of scale.
- 5th September 2001Give an example of a UK business that adds value through branding.
- 6th September 2001Give one reason a manufacturer might locate close to its raw material supplier.
- 7th September 2001Give one example of a start-up cost for a new hairdressing salon.
- 8th September 2001On a break-even chart, what does the point where the total cost and total revenue lines cross represent?
- 9th September 2001A start-up needs 200,000 pounds to buy premises it will use for the next 20 years. Is this a short-term or a long-term finance need? Explain.
- 10th September 2001Explain one advantage to an employee of flexible working.
- 11th September 2001State one benefit of off-the-job training over on-the-job training.
- 12th September 2001Define a unique selling point (USP).
- 13th September 2001Define market share.
- 14th September 2001A pie chart shows a business's sales by region: North 20%, South 45%, East 15%, West 20%. Which region has the smallest share of sales?
- 15th September 2001A product costs 12 pounds to make and the business wants a 25% markup. Calculate the selling price.
- 16th September 2001Why might a business keep a 'dog' product in its portfolio, rather than withdrawing it immediately?
- 17th September 2001State the difference between quality control and quality assurance.
- 18th September 2001Distinguish between internal and external failure costs.
- 19th September 2001Explain the two ways a business can increase its profit.
- 20th September 2001Give one document that partners typically draw up when forming a partnership.
- 21st September 2001Identify one source of change that can create new business opportunities.
- 22nd September 2001Give one example of a current asset and one example of a current liability.
- 23rd September 2001A business has gross profit of 35,000 pounds and expenses of 22,000 pounds. Calculate its net profit.
- 24th September 2001Identify whether a business with 3 levels of hierarchy and wide spans of control is a tall or a flat structure.
- 25th September 2001State what job rotation means.
- 26th September 2001Give one example of technology used in human resources.
- 27th September 2001State the four main stages of the business cycle.
- 28th September 2001State which UK institution sets the base rate that heavily influences interest rates.
- 29th September 2001Give one sign in a case study that a business's marketing mix is inconsistent.
- 30th September 2001What is a direct distribution channel?